The hardest market in 27 years
A year ago, Mark Geoghegan found Chris Clark (CC) lamenting the softness of a marine market that was only just recovering from Hurricane Ivan - at that time its biggest-ever loss. One year and two big storms later, the world has been turned upside-down..
MG: Obviously, a lot has happened in the marine reinsurance market since we last spoke - can you fill in the specifics?
CC: The thing about the 1/1/05 renewal was that the market under-corrected itself
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